Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
US tariffs upend Japanese carmakers' Mexico gambit - and add to Nissan's woes
Japanese automakers have long relied on the "dependable and affordable" appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head.
Nissan's new CEO Ivan Espinosa outlines plan to turn around struggling automaker
The chief-executive-to-be at money-losing Japanese automaker Nissan is determined to speed up decision-making to come up with models that say Nissan—and really sell.Ivan Espinosa, 46, chief planning officer and a Mexican with two decades of experience at Nissan Motor Corp., told reporters in embargoed comments for Wednesday that the company's corporate culture is “lacking empathy” and has to change.“We need to work together as one single team,” he said at the Nissan Technical Center in Atsugi city on the outskirts of Tokyo.
Nissan's new CEO intends to slash its vehicle development time
Nissan plans to dramatically cut its car development time to boost its competitiveness, the struggling automaker's incoming CEO Ivan Espinosa said on Wednesday.
Is NSANY Stock Worth Buying After Battery Supply Deal With SK On?
Nissan's collaboration with SK On boosts its EV plans, but financial woes, leadership turmoil, and weak margins pose challenges.
Nissan to Cut 20% of Top Management Positions
Nissan said its top management positions will transition to a single-layer, non-officer framework, under which all corporate officers will assume the title of corporate executive.
South Korea's SK On wins EV battery deal with Nissan
South Korean battery maker SK On said on Wednesday that it had won a deal to supply batteries for electric vehicles for Nissan Motor in the United States.
Nissan announces CEO Makoto Uchida is stepping down
Japanese automaker Nissan's chief executive, Makoto Uchida, is stepping down after the company reported dismal financial results.Nissan Motor Corp. said in a statement Tuesday that Ivan Espinosa, who is now the company's chief planning officer, will take Uchida's place, effective April 1.Espinosa, who joined Nissan in 2003, has spent much of his Nissan career in Mexico and Southeast Asia, overseeing product planning including the drive toward electric vehicles.“I sincerely believe that Nissan has so much more potential than what we're seeing today,” Espinosa told reporters, while stressing that he needs time to come up with details for a turnaround.He stressed his love for Nissan, noting he has developed a deep understanding of what makes the company unique and valuable.Nissan said the company leadership needed to be “renewed” to achieve long-term growth.
Nissan Replaces CEO a Month After the Collapse of Merger With Honda
Japanese automaker Nissan Motor said Tuesday it is replacing CEO Makoto Uchida with Chief Planning Officer Ivan Espinosa, a month after its merger plan with rival Honda (HMC) collapsed.
Nissan Replaces CEO After Failed Honda Merger
Chief Executive Makoto Uchida is stepping down, with Chief Planning Officer Ivan Espinosa taking the helm of the Japanese carmaker.
Nissan board meets Tuesday to discuss whether to replace CEO Uchida
Nissan's board of directors will meet on Tuesday to discuss potential successors to CEO Makoto Uchida, who is under pressure to step down due to the Japanese automaker's worsening earnings performance and failed merger talks with Honda.
Nissan Tests Driverless Car in Japan to Advance Autonomous Driving
NSANY unveils its latest breakthrough in autonomous driving by successfully testing a driverless vehicle on a public road in Yokohama's Minato Mirai district.
S&P cuts Nissan credit rating to 'BB'
S&P Global Ratings said on Friday it had cut its long-term issuer credit ratings on Nissan Motor to 'BB'.
